新总统政府做出的承诺，比特币 BTC/USD 正在经历一段谨慎乐观的时期

比特币在 2024 年经历了大幅价格飙升，在比特币 ETF 推出后第一季度达到 75,000 美元的历史新高。

Bitcoin (CRYPTO: BTCUSD) is experiencing a period of guarded optimism, buoyed by institutional inflows into newly approved ETFs and the promises made by the new presidential administration, according to a new report from Messari.

根据 Messari 的一份新报告，比特币（加密货币：BTCUSD）正在经历一段谨慎乐观的时期，受到机构资金流入新批准的 ETF 以及新总统政府做出的承诺的提振。

Bitcoin’s Future Trajectory: The report suggests that the future trajectory of Bitcoin will depend on whether the administration can convert campaign rhetoric into tangible policy outcomes.

比特币的未来轨迹：报告表明，比特币的未来轨迹将取决于政府能否将竞选言论转化为切实的政策成果。

Bitcoin experienced a substantial price surge in 2024, reaching an all-time high of $75,000 in the first quarter following the launch of Bitcoin ETFs. Institutions were net buyers of Bitcoin throughout the year, with Grayscale's (NASDAQ:GBTC) outflows decreasing significantly and Blackrock (NYSE:BLK)'s IBIT emerging as the largest net buyer.

2024 年，比特币价格大幅上涨，在比特币 ETF 推出后第一季度达到 75,000 美元的历史新高。机构全年都是比特币的净买家，其中 Grayscale（纳斯达克股票代码：GBTC）的流出量大幅减少，Blackrock（纽约证券交易所股票代码：BLK）的 IBIT 成为最大的净买家。

ETF issuers now hold over 1.1 million BTC, with Blackrock and Grayscale holding the majority.

ETF 发行人目前持有超过 110 万枚 BTC，其中贝莱德 (Blackrock) 和灰度 (Grayscale) 持有大部分。

MicroStrategy (NASDAQ:MSTR) has continued to actively invest in Bitcoin, with total holdings now exceeding 420,000 BTC after a recent purchase of $2.1 billion. The company intends to raise a further $42 billion to fund additional purchases over the next three years.

MicroStrategy（纳斯达克股票代码：MSTR）继续积极投资比特币，在最近购买了 21 亿美元后，其总持有量现已超过 420,000 BTC。该公司计划再筹集 420 亿美元，为未来三年的额外采购提供资金。

A New President, A New Hope: The election of a new president who has expressed positive sentiments towards crypto has created a hopeful environment for the sector. Some of his stated promises include firing SEC commissioner Gary Gensler, introducing a national strategic Bitcoin reserve, forming a Bitcoin and crypto presidential council, and ensuring Bitcoin mining in the U.S.

新总统，新希望：对加密货币表达积极态度的新总统的当选为该行业创造了一个充满希望的环境。他的一些承诺包括解雇 SEC 专员加里·詹斯勒 (Gary Gensler)、引入国家战略比特币储备、组建比特币和加密货币总统委员会以及确保美国进行比特币开采

While a federal strategic Bitcoin reserve is unlikely, the report emphasizes that achieving some of the higher-probability policy items could sustain the current market enthusiasm.

尽管不太可能建立联邦战略比特币储备，但报告强调，实现一些可能性较高的政策项目可以维持当前的市场热情。

The report also highlights the introduction of Ordinals and Runes on the Bitcoin network, enabling NFTs and fungible tokens and bringing new functionality to the blockchain.

该报告还强调了比特币网络上序数和符文的引入，使 NFT 和可替代代币成为可能，并为区块链带来了新功能。

Bitcoin's staking protocol Babylon is also a new development, allowing holders to stake their assets to secure other networks.

比特币的质押协议 Babylon 也是一项新发展，允许持有者质押其资产以保护其他网络的安全。

However, the report notes that the Bitcoin network was not designed for maximum programmability, but a low penetration of Bitcoin utility could still exceed $30 billion in market value.

然而，报告指出，比特币网络并不是为最大程度的可编程性而设计的，但比特币实用程序的低渗透率仍然可能超过 300 亿美元的市值。

Messari projects that institutional ETF inflows will continue to be a primary driver of price action, which could lead to more stable, less volatile price movements.

Messari 预计机构 ETF 流入将继续成为价格走势的主要驱动力，这可能导致价格走势更加稳定、波动更小。

The report also acknowledges that the success of new developments like Runes, Ordinals, and Bitcoin staking will depend on user adoption and the continued improvement of the user experience.

该报告还承认，符文、序数和比特币质押等新开发的成功将取决于用户的采用和用户体验的持续改善。